Riverine Plains Blog

Key messages

• the 3G network is being switched off in 2024 in favour of 4G and 5G networks
• on-farm electronic devices that rely on 3G technology will need to be upgraded to continue functioning
• there will be costs involved in upgrading, so it’s important to be prepared and know where to get assistance

Key messages

• The International Sustainability and Carbon Certification (ISCC) is a global certification system that verifies sustainability principles for biobased food, feed and renewables.
• ISCC certification is voluntary, however, growers can gain export advantages and access premium prices.
• Participating farmers can be audited, so it’s important to be able to produce documentation that supports your declaration if required.

 

This week’s blog has been contributed by Riverine Plains Signature Partner, Belmores Chartered Accountants 

Key messages

• understanding rules around asset depreciation could help farmers with tax planning this financial year
• farmers could be eligible to deduct the full cost of depreciating assets costing less than $20,000 for multiple assets
• applies to assets first used or installed ready for use between 1 July 2023 and 30 June 2024

The ups and downs of harvest (and running a property every other day of the year) can be extremely taxing. Managing stress is crucial to avoiding burning out mentally and physically or creating long term health issues.

Key messages

• Review cash flow budgets in light of revised yield & quality
• Communicate with your farm advisors & bank manager
• Be open-minded to opportunities that increase your income stream